Enjoy Holidays in Thailand?

[thehawk]

Well I used to, £1 used to get around 72 baht - it's now worth around 50 baht.

Unfortunately I've also moved to Australia, $1 used to be 32 baht, it's now worth 21 baht.

This means a significant difference in the cost of a holiday which really sucks.

So why do our 1st world currencies devalue so quickly against some of these developing nations?

[Soovy]

thehawk said:

Well I used to, £1 used to get around 72 baht - it's now worth around 50 baht.

Unfortunately I've also moved to Australia, $1 used to be 32 baht, it's now worth 21 baht.

This means a significant difference in the cost of a holiday which really sucks.

So why do our 1st world currencies devalue so quickly against some of these developing nations?

Because the developing nations' currencies have less far to fall.

[507bhp]

...and as you say, they are developing!

[thehawk]

But they are potentially in as much mess as we are.

[Bollah]

That's a bit crap, i'm off out there at the beginning of January and expecting it to be around 60bht to the pound which i have been used to, boo